Sales of isle resort homes still faltering

Volume and average price fell in 2012 for the fourth year in a row, a report finds

By Andrew Gomes

POSTED: 01:30 a.m. HST, Mar 10, 2013

~~<p>Hawaii's primary housing market rebounded last year, but a recovery has yet to emerge for vacation residences, according to a new report assessing sales of homes at resorts statewide.</p>
<p>Sales of new and previously owned single-family homes, condominiums and residential lots at master-planned resorts from Princeville on Kauai to Hualalai on Hawaii island declined in average price last year for a fourth consecutive year, the report by local market researcher Ricky Cassiday said.</p>
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Hawaii's primary housing market rebounded last year, but a recovery has yet to emerge for vacation residences, according to a new report assessing sales of homes at resorts statewide.

Sales of new and previously owned single-family homes, condominiums and residential lots at master-planned resorts from Princeville on Kauai to Hualalai on Hawaii island declined in average price last year for a fourth consecutive year, the report by local market researcher Ricky Cassiday said. Login for more...